U.S. home prices rose slightly in July, signaling a stabilizing market, the federal government said Tuesday. But another private home pricing index tells a tale of two Americas: one in housing recovery, and the other still in trouble.
Bernard Kerik spent his life enforcing the laws, and now the law is blasting him with both barrels.
Lloyds Banking Group Plc., the largest mortgage banker in Great Britain, announced Monday that it would soon issue nearly $5 billion in bonds backed by residential loans - the first public sale of its kind in more than a year, Bloomberg reported. The megabank, which is based in London, said in a press statement that the average life of the European-backed debt would be five years.
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